Airbnb rental arbitrage can work, but it depends.

I can tell you that being around new construction the past 12 years, I would say 1/4 of the projects we have been apart from residential to commercial will experience delays to MFGs out of stock, HOAs changing their specs, Cities changing their specs, Weather 2-3Xs budgeted rain delays, Subcontractor injuries and death.....Then Hurricane Harvey in Houston are.....WOAH  major delays...I have seen it.We are happy to be providing funding to DCGI's BTR community members, many have gotten their applications in already and look forward to helping the rest of yall accomplish your real estate goals. 

For that reason my money is elsewhere.You are almost never alowed to do your own renovations, and have to pay an application fee to get approval to do work on your rental.

These penalties can vary depending on the loan structure and the lender's terms.

CT is 1-2 hour drive from my location depending on the town and is manageable for one project.

That being said, this depends on your overall financial situation.

Modern units operated down to -5 degrees so it should be adequate for a cabin in OH depending.

It depends on what exactly you are referring to with gap funding.

These are typically interest only and require a payment of 1-4 points up front depending on your area and the PML.

But, there are still deals that can make sense depending on your budget.